Small Businesses Brace for Higher Levies as Trade War Heats Up

President Trump might have tweeted this week that “tariffs are the greatest,” but there are plenty in fashion who disagree.
Count Anne Harper among them. The 17-year handbag veteran, whose children's line OMG Accessories relies on imports from China, is among those scrambling to prepare for higher costs since the Trump administration pledged to impose levies of 10 percent on a raft of Chinese goods.
“I can't just absorb that percentage,” said Harper. The duties are designed to punish China for unfair practices in an escalating tit-for-tat trade war between the superpowers, but would hurt...Read more ...